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Bills oversubscribed

Bahrain Business
Thu, 13 Sep 2018

MANAMA: The latest weekly issue of Government Treasury Bills floated to raise BD70 million has received subscription to the tune of 121 per cent.

Carrying a maturity of 91 days, the bills got issued yesterday and the maturity date is December 12.

The weighted average rate of interest is 4.13pc, compared with 4.08pc for the previous issue on September 5.

The approximate average price for the issue was 98.966pc with the lowest accepted price being 98.954pc.

With this, the total outstanding value of Government Treasury Bills is BD2.11 billion.